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Property profile & analytics
FOR LEASE
Life science properties
22011 26Th Ave SE Bothell, WA 98021
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1060348
For Lease
Contact for pricing
22011 26Th Ave SE, Bothell, WA 98021
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1990
Construction
CONCRETE
Total area
75,302 SF
Lot
4.25 ac (185,130 SF)
Zoning code
OP, LI
APN
27052900202000
UPID
US90-1060348
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Applied Control (formerly PCE Pacific) Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$79.02M
Owner & transaction history
State Of Washington · 1 yrs held
State Of Washington
since 2025
Last sale
$75.0M
7 recorded transactions
Zoning & alternative use
OP, LI · Bothell, WA
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$87,065,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$79.02M
Range $71.12M – $86.92M · ±10% · vs last sale $75.00M (Jan 27 2021)
Last sale anchor
$75.00M
Jan 27 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,049 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$129,217
Tax year 2023
Assessed value
$15,833,900
Assessed 2023
Previous assessed
$15,326,500
+3.3% YoY
Effective rate
0.82%
On assessed value
Assessed land
$3,104,600
Assessed improvement
$12,729,300
Land market value
$3,104,600
Improvement market value
$12,729,300
Total market value
$15,833,900
Applied tax rate
902.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1990
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
2
Total area
75,302 SF
Lot
4.25 ac (185,130 SF)
Zoning code
OP, LI
APN
27052900202000
UPID
US90-1060348
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OP, LI · Bothell, WAZoning OP, LI · permitted uses
OP, LI · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Permit Center | Bothell WA
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
4.25 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 3558, FEDERAL WAY, WA 98063-3558
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
—
State Of Washington
Alco Canyon Park East LLC
Quitclaim Deed
related
—
Jun 1, 2021
—
Alco Canyon Park East LLC
—
Deed
related
$85,500,000 · New York Life Insurance Company
Jan 29, 2021
—
Alco Canyon Park East LLC
Kw Fund Vi-canyon Pk Esat LLC
Quit Claim Deed
—
Jan 27, 2021
—
Alco Canyon Park East LLC
Kw Fund Vi-canyon Pk E LLC
Grant Deed
—
Feb 4, 2020
—
Kw Fund Vi Canyon Park East LLC
—
Deed
related
$38,635,500 · Truist Bank
Dec 23, 2019
$54,625,000
Kw Fund Vi Cyn Pk E LLC
Bre Wa Office Owner LLC
Grant Deed
—
May 3, 2018
—
Bre Wa Office Owner LLC
—
Deed
related
—
Jul 22, 2015
—
Bre Wa Office Owner LLC
Arden Realty Limited Partnership
Bargain And Sale Deed
$14,000,000 · Morgan Stanley Mortgage Capital Holdings
Aug 21, 2007
$82,900,000
Arden Realty
Carr Np Properties LLC
Grant Deed
—
Aug 16, 2006
—
Carr Np Properties LLC
Carramerica Realty Operating P
Quit Claim Deed
related
—
Apr 25, 2005
—
Realty Operating P Carramerica
Carramerica Realty Corp
Quit Claim Deed
related
—
Jul 1, 1997
$20,000,000
Carramerica Realty Corp
Washington Teachers Properties
Grant Deed
—
Feb 1, 1990
$3,267,000
Park Jv I Canyon
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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